The market is showing great potential in the mentioned forecasting period. Dairy alternative has become a growing need for consumers who are allergic to conventional milk and milk products. Most of the customers select dairy alternatives because of intolerances or allergies to cow’s milk while others choose them for taste. Consumers allergic to dairy products are keenly looking for plant based milk with huge amount of nutrients, vitamins and calcium with same contentment as the cow’s milk. Dairy milk was the healthiest food in the past but increasing allergic consumers would decrease the demand for dairy products in future.

Food and beverages which are based on Dairy alternatives, are prepared from dairy-free milk, extracted from numerous plant based sources. They are gradually being consumed by lactose intolerant and vegan consumers. There is a wide range of food and beverages available in the market, prepared from milk, which in turn is derived from sources such as almond, rice, soy, coconut and others. Commonly consumed dairy alternative based products are milk, butter, ice-cream, cheese, soft drinks, energy drinks and others.

The market is driven by the rapid demand of the dairy alternative products in the Middle East & Africa region. In the recent times, South Africa, Israel and Egypt are observing high demand of dairy alternatives, majorly due to the growing environmental concerns, changes in lifestyle and eating pattern. There is a growing number of people who are allergic to dairy products. This is stimulating the growth of the dairy alternatives market in this region. The major factors restraining the growth of the dairy alternatives market is the high cost associated with the consumption of dairy alternatives.

The Middle East & Africa market for dairy alternatives is broadly categorized into Soy Milk, Almond Milk, Rice Milk and others. Based on formulation, the market is segmented as Plain Sweetened, Plain Unsweetened, Flavoured Sweetened and Flavoured Unsweetened. Based on Application, the market is further segmented into Food & Beverages.

The scope of the report:Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untappedSegment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detailIdentification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamicsStudy of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE AnalysisStudy the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy developmentA comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environmentCompetitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companiesAn executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusionsExpertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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